Purchase total value show in gstr-4 annual return f.y.22-23

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A registered composite scheme dealer annual return Gstr-4 filed f.y.22-23.
Purchase total value rs:50 lacs as per books and orginal invoices based
Purchase total value rs:51 lacs as per gst.gov.in portal
Purchase total value rs:47 lacs as per income tax portal (ais) .
Question:
Dealer above mentioned purchase total value which amount shown in gstr-4 annual return f.y.22-23.

1 Answers

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Sunil answered 12 months ago

IN GSTR-4, the taxpayer is required to show the total value of supplies made in a specific period and tax paid at the composition rate.
Purchase details for the purchases from normal taxpayers is automatically updated in the form from the supply invoice uploaded by the selling party in GSTR 1.
Amendment to auto-updated detail can be done in part-5, i.e. “Amendments to details of inward supplies furnished in returns for earlier tax periods in Table 4 [including debit notes/credit notes and their subsequent amendments]”
Now you have to reconcile the difference in above figures. there may one invoice of 1 lakh(51 lakh -50lakh) which is not yet received by you but raised by seller with your GSTIN as buyer. OR you may have recorded this invoice in the earlier period. Hence first reconcile this then the difference of 1 lakh can be adjusted with part-5 of GSTR-5. Hence for purchase figure you need to consider value as per GST portal and if any adjustment to this figure is needed than it can be done in with part-5 of GSTR-4.